Crude oil prices soared on Tuesday in thin pre-Christmas trade on Russia’s pledge to honor production cuts promised to OPEC and after U.S. President Donald Trump reiterated the conclusion of the first phase of the U.S.-China trade deal.

Germany’s Enercon GmbH has signed an exclusivity agreement with Chilean power utility Colbun SA, securing an option to supply turbines for the 607-MW Horizonte onshore wind project in the Atacama Desert.

Oil futures ended lower on Wednesday after U.S. government data indicated a surprise increase in domestic supply in crude oil, as well as important gains in gasoline and distillate inventories. Brent crude for February delivery slipped by 62 cents, or around 1% to settle at $63.72 a barrel. WTI crude for January delivery declined 48 cents, or 0.8%, to close at $58.76 a barrel.